I like the story behind this company, too early to tell but seems to be ready to breakout of IPO base.
IHS, then a tight bull flag and now a falling wedge b/o
Put emotions aside, folks. Falling wedge b/o here. 700+ before ER IMHO. It will be very very hard for NFLX to surprise 3rd time in a row but weirder things have happened!
Next leg up? CMG weekly has been range bound 600-730. Current setup should take us to the top of the channel but potentially could break up higher. It feels ready to go over 700 and set new ATH.
nice volume consolidation at the handle - a bit too tight for my taste but still looks decent. Also a nice flag from 46ish to 53. Either way this one heads over 60 if markets hold here
Been a channel trader for last 15 months, top of the channel is toxic. Could retrace back to 80
rising wedge, bear flagging. Doesn't look good
Ugly action for longs today, but some perspective. Last time Icahn sold, it lost 15% same day. Let's see what tomorrow holds
I like the company and product, it just got a bit ahead of itself. If this bear flag confirms, we see it below 70
Breaking out of handle, if it can break over 266, 285 will come fairly quickly
Z has a tendency to over / undershoot so a bit harder to chart, but I see potential b/o coming. 102.2 and 103.44 could happen as quickly as the day of the b/o. 115.7 and 125.2 are probably a few weeks out
Today TRIP broke out from descending trend line with substantial volume. Intraday action was extremely bullish and dips were constantly bought. $91.22 is the first target and shortly after 93.5ish. IF we break over 93.5, it will confirm an IHS with a measured move to 120ish.
nice divergence on OBV, bull flag on weekly and consolidating volume. With ER just around the corner somehow this feels like explosion waiting to happen. $25 move on that flag but with continuation it can push to 170-180
AMZN has been consolidating nicely over the past year. 285 acting as strong support and last ER runup holding nicely. Either looking at it as a C&H or a bull flag on weekly, both means it has a 100+ pts measured move here. $480 not that unlikely in a few months. With NFLX leading the way for momo, AMZN will sure follow tomorrow.